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SINGAPORE (July 12): Non-landed private residential resale prices rose 0.9% in June from May, continuing their gradual recovery since October, SRX Property’s flash estimates show.
A report by The Business Times said the uptick in June was led by the Core Central Region (CCR) and Outside Central Region which registered 1.3% and 1.1% respectively, while the Rest of Central Region (RCR) index was flat.
From a year ago, resale prices were 2.2% higher, also mainly led by the CCR and RCR.
However, prices were still down 4.4% from January 2014’s peak.
This article first appeared in The Edge Financial Daily, on July 12, 2017.
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